£346,587
This estimated value is based upon the latest sale price for the house of £242,500 on 12 Aug 2015. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £242,500 | 12 Aug 2015 |
| £225,000 | 20 Jul 2012 |
| £167,000 | 26 Nov 2002 |
| Detached |
| Freehold |
| Floor Area: 142 sq meters or 1,533 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in August 2015 the House Price Index for ESSEX was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £242,500 results in an estimated price of approximately £346,587.
| 12 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £242,500 | £104,087 | £346,587 |
The Postcode Pricing Model uses changes in average sales price within the CO12 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 28.469 % | £69,036 | £311,536 |
| 3 Month Average | 35.813 % | £86,847 | £329,347 |
| 6 Month Average | 30.567 % | £74,124 | £316,624 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Aug 2022 | £70,809 | £71,000 | FLAT 4 9 ORWELL ROAD |
| 7 Jul 2022 | £156,421 | £156,000 | 5 VICTORIA STREET |
| 22 Jun 2022 | £253,584 | £250,000 | TOP FLOOR FLAT 1 MARINE PARADE |
| 17 Jun 2022 | £253,579 | £249,995 | FIRST FLOOR FLAT 1 MARINE PARADE |
| 16 May 2022 | £167,659 | £164,500 | 31 VICTORIA STREET |
This house has a floor area of 142 sq meters or 1,533 sq feet when measured on 14 Jul 2010. Using an estimated price of £346,588 means this house is valued at £2,432 per sq meter (£225 per sq foot).
The average size of a house on BAY ROAD is 168 sq meters (1,818 sq feet).
This house is the largest in the street with a floor area of 142 sq meters (1,533 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Other crime | Under investigation | On or near Orwell Road |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Orwell Road |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Orwell Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orwell Road |